in 2011. a company has a net income and the owners take withdrawals. What amount of income flows to the balance sheet at the end of 2011? All of net income flows to the retained earnings account on the balance sheet O net income does not flow to the balance sheet since it is an income statement account. Net Income, less the amount of owner's withdrawals, is the amount that flows to the retained earnings account Net income flows first to cash, then to owners' equity, then withdrawals are deducted from capital contributions